I'm currently preparing my preliminary FQ3 revenue and earnings per share estimates for Apple. With the early success of the Apple iPad and the anticipated demand for the fourth generation Apple iPhone, I'm forecasting Apple will reach $65 billion in revenue this fiscal year and $15 (or more) or in earnings per share.
There are a few noticeable trends emerging to support the 50% fiscal year revenue growth scenario including rising revenue in the operating segment inclusive of iTunes. Mac unit sales growth remains strong and despite the economic challenges engulfing members states of the EU, Apple's growing presence in Europe should buoy sales.
For the first six months of this fiscal year Apple has earned $7.00 per share. The prospects of Apple earning $8.00 per share (or more) in the second six months of this fiscal year becomes brighter with each Apple iPad sold and the increasing interest in the features expected in the fourth generation Apple iPhone.
Robert Paul Leitao